Certificate of Self-Insurance
Oklahoma allows residents to apply for certificates of self-insurance if they own more than 25 vehicles registered in the state.3 Residents must prove their ability to pay property damages and bodily injuries as self-insurers.
Proof of Financial Responsibility
Also, the state allows you to file proof of financial responsibility with the Department of Public Safety (DPS) provided you meet the following requirements:
- A cash deposit of $75,000 with the DPS
- A valid certificate of deposit of $75,000 issued by a bank or other financial institution in Oklahoma
The department will issue you a certificate of deposit as proof of insurance and use your deposit to pay any claims or judgments against you for any accident you cause.
Oklahoma Automobile Insurance Plan
If you can’t find auto insurance because of a high-risk driver classification, contact Oklahoma’s Automobile Insurance Plan (OAIP). Created in 1950, this plan aims to provide auto insurance coverage to Oklahoma residents who could not obtain policies via the marketplace. In Oklahoma, any insurance agent with a valid state property and casualty license can write business through the OAIP.
For more information, contact the OAIP:
- Oklahoma Automobile Insurance Plan
PO Box 6530
Providence, RI 02940-6530
- Phone: (405) 842-0844 or (866) 667-2827
- Email: firstname.lastname@example.org
- Website: https://www.aipso.com/ok